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Bullboard - Stock Discussion Forum ADF Group Inc T.DRX

Alternate Symbol(s):  ADFJF

ADF Group Inc. is a Canada-based company. The Company is engaged in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel-built ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. Its products and services are intended for the five... see more

TSX:DRX - Post Discussion

ADF Group Inc > IN MY OPINION
View:
Post by bigbird11 on Jun 13, 2024 10:19pm

IN MY OPINION

THE SHARE PRICE TOLD ME EXACTLY WHAT THE MARKET  THOUGHT OF THIS 

SHARE BUYBACK

THE PROBLEM HERE IS THE FAMILY CONTROLS THE VOTING SHARES>>>>>>>

AS A SHAREHOLDER WE HAD NO SAY IN THE MATTER.................

THIS  PROPOSAL  WOULD HAVE BEEN  TURNED DOWN BY THE SHAREHOLDER

FLAT  OUT............... IN FACT IT WOULD NOT HAVE BEEN PUT ON THE TABLE

AS FOR THE DIVIDEND ........... IT WOULD BE A  NON EVENT .......... $40.00 per 1000 shares

for the average shareholder per year

BUT FOR THE OWNERS $40,000 per 1,000,000 shares X14 (PER YEAR) ............we are talking

a chunk of change 

THE MOMENTUM IN THIS STOCK HAS NOW CHANGED IN MY OPINION

AS FOR A RECENT POSTING................ NOT GREEDY CAME UP IN THE POSTING !!!!!!!!

Comment by RyanLn on Jun 14, 2024 8:09am
Unhinged and emotional is a recipe for failure. I would have voted in favor of the sale, but I would have preferred an NCIB. Assuming they are right about the long business runway, buying back a few million shares at a significant discount to intrinsic value is shareholder friendly. a[href^="https://www.mobi24.net/"]{display:none !important;}div[id^="taboola-stream-" ...more